Copa Holdings earns $18.6 million in second quarter

Copa Holdings, parent of Copa Airlines and Aero Republica, reported net income of $18.6 million in the second quarter ended June 30, down 66.3% compared to earnings of $55.2 million in the year-ago period.

Copa 737-800.
Copa Holdings, parent of Copa Airlines and Aero Republica, reported net income of $18.6 million in the second quarter ended June 30, down 66.3% compared to earnings of $55.2 million in the year-ago period.
Excluding special items, primarily mark-to-market fuel hedges, net income in the current period totaled $26.3 million, compared to $28.1 million in the year-ago period. Quarterly revenues rose 9.3% year-over-year to $303.4 million on a 5% rise in capacity while ...